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Sales of U.S. prestige beauty products were $2.4 billion in Q3 201, a 6% increase from Q3 2013; fragrance "having a great run" heading into the holiday season.
The need to replenish, in-store influencers and price are the top motivators behind men’s fine fragrance purchases; among most desired characteristic for scented body products, men tend to purchase large-sized fine fragrance as it's seen as a good value.
Inter Parfums announced net sales of the company’s ongoing brands (excluding Burberry brand sales) increased 6.0% to $134.2 million; Jimmy Choo sales rose 23% due in part to the successful launch of Jimmy Choo Man and the continued popularity of the brand’s signature scent.
With the plant, the company said every step in the processing of vanilla can now be performed locally on the East African island for the first time.
Trends include the return of oud, the enduring popularity of rose and a focus on leather notes in next year’s fragrance collections.
Entries are now open to this awards event, which is dedicated to sustainability in the beauty industry. The deadline for award entries is October 15, 2014; finalists will be notified by October 31, 2014; and the winners will be announced at a dedicated awards reception in Paris on November 24, 2014.
According to The NPD Group, the growth of the U.S. prestige beauty market grew 5% in the second quarter of 2014 when compared to the second quarter of 2013 due to strong makeup growth.
Rhône Capital also has advised Elizabeth Arden that, subject to market conditions and applicable legal or regulatory approvals, it intends to increase its ownership of the company’s common stock over time.
As image consciousness builds in men in India, they are seeking out more quality fragrance products—but they still are sensitive to price, as well.
Packaging suppliers TricorBraun and Vitro have expanded into India and Brazil, respectively, and Fusion Packaging, Aptar and Albée have collaborated on innovative new beauty pack launches.